312 Karangahape Road, City Centre

Sold June 2021

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620m² Floor Area
376m² Land Area

OUTSTANDING CORNER INVESTMENT


Immaculately presented Freehold corner site in the new Mercury Station precinct is now being offered for sale by auction. This outstanding 620m² character building has an extraordinary level of finishes featuring exposed beams, high ceilings, and polished concrete floors.

The two premium ground floor retail tenancies are fully leased with long-term tenancies in place, while the two upstairs self-contained character offices are being offered with vacant possession. With the offices fully leased at market rates, the building generates a diversified income stream of $211,570 net per annum + GST.

Overall, a secure blue-chip investment with an option to occupy the upstairs character suites or lease them out. Favourable 75% NBS seismic rating and a beautifully restored period building in the vibrant Mercury Station Precinct. Don't miss out on this prominent freehold corner site - enquire now for more information!

KEY FEATURES:
  • Outstanding character building on a prominent corner site
  • Diversified cash flow from four tenancies with high-level finishes
  • Fully restored with bankable 75% NBS seismic rating
  • Vibrant location in the new Mercury Station Precinct

Property details

Location:
312 Karangahape Road, City Centre
Land area:
376m²
Property ID:
86233

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